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Old 11-23-2008, 06:35 AM   #41 (permalink)
Bravada
GMI Europe Correspondent
 
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Join Date: Nov 2004
Location: Warsaw, Poland
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Re: GM Exec: No Plans To Pull Saab Out Of North American Market; Line Is Profitable I

Quote:
Laut Betriebsrat hat GM für Europa überproportionale Entwicklungskosten sowie US-Verluste der Opel-Schwester Saab von 300 Millionen Dollar in die Bilanz für Europa eingerechnet.
That's 300 Million GM North America losses/development costs. This might refer to e.g. 9-4X development costs. It is also an accounting dispute - the Betriebsrat (which is an instituionalized and legally required equivalent to UAW in Germany, only worse) tries to paint a rosy picture of GM Europe's operations. The cost allocation is always debatable.
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